Twitter owns the debt. Elon owns Twitter, but can let Twitter go bankrupt on its own and cut his losses.
As far as I can tell, Elon Musk is just invested at "getting back" at everyone who forced him to buy this company at way overpriced values. He's fired the CEO, CFO, Legal Team, and now the data-engineers who supported the legal team's arguments.
Without digging, I'm guessing you thought Musk was just doing a 'pump and dump' when the news broke in April, and that he would never acquire the company.
This assumption of bad faith is just terrible for HN, and the fact that you can't substantiate your argument doesn't breed much confidence in your assertions.
Musk's reputation is on the line without a doubt, and we can all point and say, "ha ha" if he fails. Otherwise...
dragontamer|3 years ago
No he isn't. Its a leveraged buyout.
Twitter owns the debt. Elon owns Twitter, but can let Twitter go bankrupt on its own and cut his losses.
As far as I can tell, Elon Musk is just invested at "getting back" at everyone who forced him to buy this company at way overpriced values. He's fired the CEO, CFO, Legal Team, and now the data-engineers who supported the legal team's arguments.
Its... like... actually really straightforward.
18pfsmt|3 years ago
This assumption of bad faith is just terrible for HN, and the fact that you can't substantiate your argument doesn't breed much confidence in your assertions.
Musk's reputation is on the line without a doubt, and we can all point and say, "ha ha" if he fails. Otherwise...